Central Banking

BOJ commits to Jan 4 real-time settlement launch

Bank of Japan governor Masaru Hayami said on Tuesday the central bank would stick with the January 4 launch date for its real-time gross settlement (RTGS) system for government debt and money market transactions.

The system encountered problems in a series of recent tests, although the central bank said the latest of these, on November 18, showed a sharp drop in the number of unsettled deals and additional tests are scheduled in December.

"With three more rehearsals to come, we will be fully re

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